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Kotak Mahindra Mutual Fund (MF) has launched Kotak Fixed Maturity Plan (FMP) Series 313, a close ended debt scheme with maturity of 180 days with relatively low interest rate risk and moderate credit risk. The NFO opens for subscription on June 22, 2023 and closes on June 26, 2023. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Rs 10 for purchase and switch-ins.

The performance of the scheme will be benchmarked to the performance of NIFTY Ultra Short Duration Debt Index and its fund managers are Deepak Agrawal and Manu Sharma.

The investment objective of the Scheme is to generate income by investing in debt and money market securities, maturing on or before the maturity of the scheme.